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Mixed-Use Property with Seven Offices
For Sale
$225,000

215 N Meridian Street, Belle Plaine, MN 56011

Business/Commercial-zoned property with office suites and an updated apartment.

Property SizeContact for details
Days on Market111

Property Features for 215 N Meridian Street

General Information

Standard status Active
Property subtype Commercial
Zoning Business/Commercial

Units

Unit Mix 1 x 2BR
Multifamily Units 1
Office Units 7

Taxes and HOA fees

Annual Taxes $4,105

Amenities

basement storage

Building Details

Year Built 1920
Buildings 1
Units 8
Tenancy Multi
Listing Agency: Chestnut Realty Inc
Listed By: Jacob Weierke
Source: Juverealestate
Added: May 12 Changed: Aug 29 Last Checked: Aug 19 at 8:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chestnut Realty Inc

Investment Insights

Based on property information with market context.

Built in 1920, this mixed-use property combines seven individual office suites with a two-bedroom apartment. The residential component received extensive updates in 2021, including a new furnace, central A/C, refreshed flooring and carpet, and interior painting. The commercial areas also feature painted common spaces and updated carpet and flooring.

A large open basement provides additional storage area. The property is located at 215 N Meridian Street in Belle Plaine, with the source information identifying strong visibility and easy access. Business/Commercial zoning supports the property’s office and residential configuration.

Key Highlights

  • Seven individual office suites
  • Two‑bedroom apartment updated in 2021
  • New furnace and central A/C in the apartment

Property Analytics

Current Use

Pin-ups Gallery Antique ... Renovation Specialist All Star Construction ... General Contractor Invest Financial Corporation Financial Advisor shutes law Law Firm

Suggested Use

Top Pick HVAC Service Electrical Service Big Box & Wholesale Store Bakery Hair Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Office units
1
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

322
Businesses Nearby

Demographics for 56011, MN

9,538
Population
3,546
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
92%
High-School Grad
102.3 sq mi
ZIP Area
93
Density / Sq Mi
$99,628
Median Household Income
$51,817
Median Earnings
$1,356
Median Rent
$296,400
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Business/Commercial-zoned property with office suites and an updated apartment.
Where is this mixed-use property located?
The property is located at 215 N Meridian Street Belle Plaine, MN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Seven individual office suites; Two‑bedroom apartment updated in 2021; New furnace and central A/C in the apartment
More about this property
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